Goulding Court is a purpose built development of apartments providing a retirement option in the heart of Beverley. The well maintained complex has a communal lounge facility for socialising and is set within private walled gardens which include residents' car parking, all of which is maintained by a management company and in house manager. This ground floor one bedroomed apartment has been fully re-decorated and carpeted to welcome a buyer immediately into easily managed self contained accommodation which is both close to the main entrance and most facilities within the building, and also enjoys a private door to the secluded garden.
LOCATION
Situated at the corner junction of New Walkergate with Morton Lane, across the road from the Tesco store, this property is wonderfully positioned within a reasonable level walking distance of Saturday Market, in the shopping centre, the bus and railway stations. Beverley has much to offer in and around the historic town centre, including an abundance of both national and local specialist shops, theatre, cinema, sports facilities with golf and horse racing on the Westwood common pastures which border the town.
THE ACCOMMODATION COMPRISES:
Entrance Hall: Storage cupboard housing hot water cylinder. Ceiling coving.
Living Room: Night storage heater and ceiling coving. A French door opens directly to the communal garden with a south-westerly aspect and glazed double doors lead to:
Kitchen: Equipped to three sides with a range of timber finished cabinets with laminate worktops and single drainer sink. Integral electric oven, hob and hood plus positions for fridge and freezer. Ceiling coving.
Bedroom: Built-in wardrobe with mirror doors and night storage heater.
Shower Room: With wet room style level entry shower enclosure including plumbed shower fitment and splash screen, vanity units incorporating wash-hand basin and toilet. Extractor fan and heated towel radiator.
COMMUNAL FACILITIES
A residents' sitting room, kitchen, laundry room and bin store are all located close to the apartment on the ground floor.
EXTERNAL
The property is set within well-maintained landscaped gardens which are walled and include a residents' car park.
Heating and Insulation: The property has night storage heaters and is uPVC double glazed.
Services: Mains water, electricity and drainage are connected to the property. None of the services or installations have been tested.
Council Tax: Council Tax is payable to the East Riding of Yorkshire Council. The property is shown in the Council Tax Property Bandings List in Valuation Band 'C' (verbal enquiry only).
Tenure:
Leasehold, with approx. 106 years remaining. Vacant possession upon completion.
Ground rent - £197.50 per half year.
Service charge - approx. £170 per month.
Occupancy requirement - A single occupant must be at least 60 years of age (a cohabitee can be 55 years plus).
Viewing: Strictly by appointment with the agent's Beverley office. Telephone: 01482 866844.
Tenure : Leasehold
Council Tax Band : C
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
| Tax Band | % | Taxable Sum | Tax |
| less than £250k | 0 | ||
| £250k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
| Tax Band | % | Taxable Sum | Tax |
| less than £250k | 3 | ||
| £250k to £925k | 8 | ||
| £925k to £1.5m | 13 | ||
| rest over £1.5m | 15 |
| Tax Band | % | Taxable Sum | Tax |
| less than £425k | 0(5)** | ||
| £425k to £625k | 5 | ||
| £625k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
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